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Rain City Resources, Inc. ( (TSE:RAIN) ) has shared an announcement.
EMP Metals Corp., a company involved in the resource sector, has amended its loan agreement with Tembo Capital Holdings to extend the drawdown deadline for a US$3 million loan facility. The amendment allows EMP Metals to access an additional US$1 million until March 14, 2025, with an interest rate of 13.5% per annum. The agreement also includes a provision for drawdown fees payable in common share purchase warrants if the loan is not repaid promptly. Tembo Capital, which holds a significant stake in EMP Metals, may adjust its investment based on various market and company conditions.
More about Rain City Resources, Inc.
YTD Price Performance: -25.00%
Average Trading Volume: 177,901
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$4.59M
See more insights into RAIN stock on TipRanks’ Stock Analysis page.